Oriental grants $4.9M loan for supermarket construction
November 11, 20160832
Jose Quiñones, owner of Grupo Quiñones; Wife Evelyn Manzano; and, José Román, vice president director of Middle Market Banking for Oriental.
Oriental Bank announced Thursday it has granted a $4.9 million loan to Grupo Quiñones to build a Selectos supermarket, which is already under construction.
The 46,000 square-foot facility will be located on Route 167 in Bayamón.
Grupo Quiñones has been a part of the Selectos chain since 1978 and was one of the first to run a branded supermarket. They currently have two stores in Levittown and Los Palacios in Toa Alta.
“At Oriental we have the financial experience and we have a variety of products that meet the needs of our customers. Furthermore, we seek to become a strategic partner of each client to help them in decision-making so they can develop their business,” said José Román, vice president director of Middle Market Banking for Oriental.
Business reporter with 25 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other areas of the economy.
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